With the shale oil boom promising over one million barrels a day of new oil production within a year in the United States, analysts are coming out of the woodwork to embrace falling oil prices. But all this is part of a normal cycle.

In my mind, there is an image of an Olympic-level runner. He is a human thoroughbred, powerful and graceful, like Michael Johnson, the world-record holder in the 400 meters. Oscar is certainly powerful, and graceful in his own way, but I could not...